Iskenderun Demir ve Celik stock, steel industry

Iskenderun Demir ve Celik stock: 3Q profit rises 103 percent

Published on 11/11/2026 at 02:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iskenderun Demir ve Celik stock gains an earnings focus after stronger third-quarter results. Revenue and EBITDA rose year over year.

Results and outlook

Isdemir reported stronger third-quarter operating results, with revenue, EBITDA and net income all rising year over year.
EBITDA per ton increased to USD 71 in the first nine months from USD 58 in 2025.
The company maintained a net cash position after the reporting period.

Iskenderun Demir ve Celik stock, steel industry, third-quarter results, Turkey equities, EBITDA, Illustration mit AI erstellt.

Iskenderun Demir ve Celik reported stronger third-quarter results, according to a Deniz Invest research note published on Friday, October 23, 2026. Revenue rose 16 percent year over year to 38.813 billion Turkish lira, while EBITDA increased 60 percent to 4.937 billion lira. Net income climbed 103 percent to 3.234 billion lira.

Profitability improves in steel

The figures point to a stronger operating performance in the third quarter. Deniz Invest also said the steelmaker maintained its net cash position, limiting balance-sheet pressure as profitability improved.

Operating efficiency strengthened across the first nine months. EBITDA per ton rose to USD 71, compared with USD 58 in 2025, according to the research note. The improvement is relevant for investors because steel producers remain exposed to selling prices, raw-material costs, energy expenses and domestic demand.

What investors should watch

The results put the focus on whether higher profitability can persist through the final quarter of 2026. Turkish interest rates, currency movements and regional steel demand remain important variables for the company and its shareholders. The reported net cash position provides some financial flexibility, but it does not remove the cyclicality of the steel market.

Turkey's BIST 100 index provides the broader market backdrop for investors following Turkish equities.